Jul 06, 2016 08:37 PM
2375 Views
State Bank of India is one of the best banks in India. And it is no. 1 Public sector Bank. I have been an account holder in this bank since last 1 year. and I haven't faced any problem yet. Even, every query of mine was well settled.
Services
Services of this bank are also great as they offer all the latest banking services. mobile, sms, net banking. The branch in which I have my personal account is also well equipped with all the modern technologies, whether it is cheque deposit machine or any thing else.
Recently when I visited my branch I also noticed couple of two new electronic machines, to make your work simpler and experience better.
The best part of this bank is that, it being a public sector bank, you can open a savings account with just rupees 1000/- and there are no minimum threshold limit which you need to maintain in your account unlike other private sector banks(icici).
Recently I visited ICICI Bank to get some information about new account opening system. They told me that all necessary documents, like id proof address proof, and pan card, AND a deposit a cheque of Rs 12000/-(whereas sbi has just 1000 rs threshold limit).
I even heard that there is a threshold limit of ICICI bank which you need to maintain( may be rs 10000/-, I am not actually sure about the minimum amount, if its wrong or right pls mention in comments section below) so if your bank balance goes below that, then they used to charge some penalty for it.
And SBI also have a benefit over other public sector banks that, this is the most valuable bank of india and is also used by government to make its payments. So, if any new scheme or changes comes for banking in public sector, SBI would be the first one or be the first in the list of All the banks serving the new service or scheme.
even many companies or e commerce business or companies providing cashback on their products on making payment using debit/credit card also( many of the times) have SBI as their selective Banking partners.
FINAL SUGGESTION
SBI gives loads of services and facilities to its consumers, they even have MOD account which is only supported by SBI and PNB(in public sector) . So I would definitely suggest you to have an account in State Bank Of India.
Thanks for Reading the review.
HOPE YOU FIND IT WORTH HELPFUL.
